Mulberry is cutting a quarter of its head office staff, as the beleaguered British luxury handbag maker reported that half-year sales slumped by almost a …
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Slump
Shiseido Lowers Full-Year Forecast As China Slump Persists
Shiseido Co. slashed its profit outlook for the year as the Japanese cosmetics giant reported a profit plunge in net income amid a persistent slump …
Swiss Watchmakers Call on SNB to Act on Franc as Exports Slump
Swiss watchmakers urged the central bank and the government to support exporters by curbing the strength of the country’s currency as overseas sales slump. “With …
Burberry’s 15-Year Stay in FTSE 100 Nears End After Share Slump
Burberry Group Plc is on the verge of exiting the FTSE 100 Index, ending the luxury-goods maker’s 15-year stay in the UK blue-chip gauge. Hampered …
Swiss Luxury Watch Market Succumbs to a Brutal China-Led Slump
Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the …
The Start-Ups Defying the Luxury E-Commerce Slump
Last autumn, as marquee luxury e-tailers Farfetch and Matches scrambled to secure additional funding in order to avoid bankruptcy, a newer luxury marketplace was facing …
Adidas Prepares for Samba Slump
As Adidas aims to build on hot demand for its three-striped white and black Samba and multi-coloured Gazelle sneakers, it’s also taking steps to prevent …
Alibaba Calls Off Cainiao’s IPO After Market Slump Worsens
Alibaba Group Holding Ltd. is calling off an initial public offering for its Cainiao logistics arm in Hong Kong, shelving a much-anticipated debut that could …
Swiss Watch Exports Slump on Lower Shipments to China, Hong Kong
Monthly Swiss watch exports fell for just the second time in three years, led by lower shipments to China and Hong Kong, as demand for …
China’s Consumer Slump Claims Another Victim as Shiseido Profit Slides
Shiseido became the latest victim on Friday of a slowing Chinese economy that has battered earnings at many global consumer goods companies, when the Japanese …
Snap Is Cutting 10% of Staff as Social Media Copes With Ad Slump
Snap Inc. is reducing its workforce by roughly 10 percent worldwide, joining the chorus of technology companies that have announced a fresh round of cuts …
Will LVMH Signal an End to Luxury’s Slump?
Haute couture shows start in Paris this week. The ultra-expensive, handcrafted looks on display there are among the few luxury items brands can still count …
Will LVMH Signal an End to Luxury’s Slump?
Haute couture shows start in Paris this week. The ultra-expensive, handcrafted looks on display there are among the few luxury items brands can still count …
Bustle Owner BDG’s Plan to Survive the Online Ad Slump: Pivot to Luxury
In building its future, Nylon is looking to the past. Next year, the indie culture bible, will make its return to print, over seven years …
De Beers Diamond Sales Slump
De Beers sold the least diamonds since halting sales altogether during the height of the global pandemic, as the industry struggles with weak demand and …
Luxury Brands Gucci, Tiffany Dive Into NFTs Despite Slump
Even the cold winds of a crypto winter can’t keep luxury brands away from nonfungible tokens. Kering SA’s Gucci and LVMH’s Tiffany & Co. this …
Nordstrom Defies Retail Slump With Higher Results Forecast, Shares Jump
Nordstrom Inc. raised its annual profit and revenue forecasts on Tuesday as the upscale retailer counts on demand from affluent consumers to help it overcome decades-high …
Shopify’s Stocks Slump by 50%, Amazon Is Down Less Than 1%
Shopify Inc. has been called “Amazon Junior.” Those shoes are proving too big to fill. Both companies are seen as bellwethers for the e-commerce sector …